‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInTesla hires former SEC trial lawyer David Misler as managing counsel
Tesla has hired David Misler as a new managing counsel, according to his LinkedIn profile. Misler is a former trial attorney for the Securities and Exchange Commission and previously worked for the U.S. Department of Justice. Source: Tesla hires former SEC trial lawyer David Misler as managing counsel
Beware of Communications Falsely Appearing to Come from the SEC – Investor Alert | Investor.gov
We are aware that several individuals recently received phone calls or voicemail messages that appeared to be from an SEC phone number. The calls and messages raised purported concerns about unauthorized transactions or other suspicious activity in the recipients’ checking or cryptocurrency accounts. These phone calls and voicemail messages are in no way connected to […]
SEC/Terraform Litigation: Compendium, Commentary and Takeaways | LinkedIn
For three hours, 28 minutes and 22 seconds tonight, there will occur a near-total lunar eclipse as the full moon is plunged into the blood-red light cast by Earth’s shadow. The so-called Beaver Moon, the longest in 580 years, will provide a special thrill for lunar stargazers. Of course, a Beaver Moon is a rare and […]
SEC Announces Enforcement Results for FY 2021
The Securities and Exchange Commission today announced that it filed 434 new enforcement actions in fiscal year 2021, representing a 7 percent increase over the prior year. Seventy percent of these new or “stand-alone” actions involved at least one individual defendant or respondent. The new actions spanned the entire securities waterfront, including against emerging threats […]
FCPA “Tips” Continue To Be A Minor Component Of The SEC’s Whistleblower Program – FCPA Professor
Recently, the SEC released its annual report for FY2021 and, like the prior ten years, FCPA “tips” continue to be a minor component of the SEC’s whistleblower program. Specifically, according to the SEC’s report, of the 12,200 whistleblower tips received by the SEC in FY2021, 258 (2.1%) related to the FCPA. This percentage of FCPA “tips” vs. overall tips […]
Aseel Rabie Joins Debevoise as Counsel in the Financial Institutions Group | Debevoise & Plimpton LLP
Debevoise & Plimpton LLP announced today that Aseel Rabie has joined the firm’s Washington, D.C. office as counsel in the Financial Institutions Group. In this role, Ms. Rabie will advise the firm’s clients on regulatory, supervisory and enforcement matters in the anti-money laundering and sanctions space. Source: Aseel Rabie Joins Debevoise as Counsel in the […]
Daniel R. Gregus Named Director of Chicago Office
The Securities and Exchange Commission today announced that Daniel R. Gregus has been named Director of the Chicago Regional Office, where he has served as acting co-director since June. Mr. Gregus is a 28-year veteran of the SEC and has held leadership roles in both the Division of Enforcement and the Division of Examinations. He […]
Where Are the (Crypto) Lawyers? | LinkedIn
It’s Déjà vu all over again at the SEC. At the 2021 SEC Enforcement Forum, Chair Gary Gensler of the U.S. Securities and Exchange Commission (SEC), seized the opportunity to admonish the rising crop of self-anointed fintech lawyers who too often advise their clients on how to circumvent U.S. securities laws — as opposed to […]
The SEC’s mind-boggling tale of $40 million fraud on class action administrators | Reuters
It’s no easy feat to rook securities settlement administrators, whose job, after all, is to make sure that money from settlement funds gets paid out only to investors with legitimate claims. But according to a newly unsealed indictment and simultaneous U.S. Securities and Exchange Commission complaint in federal court in Philadelphia, three alleged fraudsters managed […]
2021 SEC Regulation Outside the United States – Scott Friestad Memorial Keynote Address
Although the focus of the Enforcement Division may change and evolve over time depending on issues facing and of importance to investors, companies, and the economy as a whole, or in response to new and emerging technologies and investment products, we will continue to apply long-standing, well-known and understood regulations and standards that govern the […]